Nelson Funding Funds $1,610,000 Industrial Warehouse Loan in Salt Lake City, Utah

08 Aug Nelson Funding Funds $1,610,000 Industrial Warehouse Loan in Salt Lake City, Utah

Nelson Funding is pleased to announce the recent closing of a $1,610,000 refinance cash out loan in Salt Lake City, UT. The team at Nelson Funding was approached by the borrower’s representative looking for a fast bridge loan to complete a cash out refinance. The property is an established industrial warehouse in area of Salt Lake City experiencing a lot of redevelopment and growth. The team at Nelson Funding was able to issue an approval within 24 hours and fund the deal in about two weeks. The loan provided a much needed cash out to the borrower to expand his business operations.

Nelson Funding was able to fund this loan through our newly established credit line allowing Nelson Funding to underwrite, originate, and fund certain bridge loans directly vs having to work with another capital partner.

About Us:

Nelson Funding is a nationwide commercial loan broker and direct lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.

Nelson Funding remains committed to helping our clients secure the best financing for their respective commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.